Skip to content

DE WOLF CONSTRUCT

Active
Private limited companyfounded 2023active for 3 yearsGentsestraat 48, 9420 Erpe-Mere, BelgiumKBO/BCE: BE 1000.130.871
Summary

The computed 12-month bankruptcy probability of DE WOLF CONSTRUCT is 10.2% (high). The 2024 annual accounts show equity of €31,159 and a net result of €28,159. Its solvency ranks better than 34% of 35,968 sector peers (NACE 43, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Plastering work
NACE 43310
1 site
Size
€94,972total assets 2024
Equity
€31,159
Profit
€28,159
Turnover not published (micro format)
Financial health
33 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
10.2%
Structure
Accounts filed 63 days late0 of 4 deeds read
Why 33raises risk1 change of registered office in 24 monthsFigures for financial year 2024 (filed 02-10-2025)1 financial year not filed after the legal deadline; latest accounts 63 days late; 1 of the last 3 lateFounded in 2023Show the evidence

Checked score

Score 2024
33 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 45% of its sector peers (NACE 43, micro)
Financial strength
Average
Solvency 58
equity 32.8% of total assets
Liquidity 16
short-term debt 67.2% · cash 1.7%
Profitability 100
return on assets 29.6%
Bankruptcy probability, 12 months
10.2% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,540 companies, NACE 43, micro)
Last 24 months 11-2024: 1.9%lowest value 12-2024: 2.0%▲ +0.1 percentage points vs 11-2024 01-2025: 2.3%▲ +0.3 percentage points vs 12-2024 02-2025: 4.5%▲ +2.2 percentage points vs 01-2025 03-2025: 5.0%▲ +0.5 percentage points vs 02-2025 04-2025: 5.0%● unchanged vs 03-2025 05-2025: 5.2%▲ +0.2 percentage points vs 04-2025 06-2025: 5.1%▼ -0.1 percentage points vs 05-2025 07-2025: 5.1%● unchanged vs 06-2025 08-2025: 5.5%▲ +0.4 percentage points vs 07-2025 09-2025: 5.6%▲ +0.1 percentage points vs 08-2025 10-2025: 5.6%● unchanged vs 09-2025 11-2025: 5.2%▼ -0.4 percentage points vs 10-2025 12-2025: 5.2%● unchanged vs 11-2025 01-2026: 5.2%● unchanged vs 12-2025 02-2026: 5.2%● unchanged vs 01-2026 03-2026: 5.1%▼ -0.1 percentage points vs 02-2026 04-2026: 6.1%▲ +1.0 percentage point vs 03-2026 05-2026: 6.4%▲ +0.3 percentage points vs 04-2026 06-2026: 6.5%▲ +0.1 percentage points vs 05-2026 07-2026: 6.5%● unchanged vs 06-2026 08-2026: 7.2%▲ +0.7 percentage points vs 07-2026 09-2026: 7.4%▲ +0.2 percentage points vs 08-2026 10-2026: 10.2%▲ +2.8 percentage points vs 09-2026highest value
Credit of up to €1,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity tight (current ratio 1.48, below the usual 1.5; short-term debt: 67.2% and cash: 1.7% of total assets), and 67.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 35% on solvency, 9% on liquidity and 93% on profitability.

The bankruptcy probability was computed on 13-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
raises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Figures for financial year 2024 (filed 02-10-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 63 days late; 1 of the last 3 late
NBB · filings
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-10-2025, 63 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2024
63 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 63 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…

Financials · financial year 2024, micro format

2024 annual accounts filed late (63 days) Filed on 2 October 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00526453.

Equity
€31,159
Total assets
€94,972
Net result
€28,159
Working capital
€30,331

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €94,972
Fixed assets €827
Current assets €94,145
Equity and liabilities €94,972
Equity €31,159
Debt €63,813
Debt finances 67.2% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€35,606
Cash flow
€28,530
Current ratio
1.48
Debt to equity
2.05
ROE
90.4%
ROA
29.6%
Interest coverage
over 100
Debt ≤ 1 year
€63,813
Income taxes
€7,041

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.8% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 10.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,470 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 33 lines
Balance sheet Code2024
Assets
Total assets20/58€94,972
Fixed assets21/28€827
Tangible fixed assets22/27€827
Furniture and vehicles24€827
Current assets29/58€94,145
Amounts receivable within one year40/41€92,540
Trade receivables40€82,972
Other amounts receivable41€9,568
Cash at bank and in hand54/58€1,604
Equity and liabilities
Total equity and liabilities10/49€94,972
Equity10/15€31,159
Contributions10/11€3,000
Capital10€3,000
Issued capital100€3,000
Profit (loss) carried forward14€28,159
Amounts payable17/49€63,813
Amounts payable within one year42/48€63,813
Trade debts44€25,873
Suppliers440/4€25,873
Advances received on contracts in progress46€23,050
Taxes, remuneration and social security45€14,890
Taxes450/3€14,890
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€371
Other operating charges640/8€1,271
Gross operating margin9900€36,877
Operating profit (loss)9901€35,235
Financial charges65/66B€36
Recurring financial charges65€36
Profit (loss) for the period before taxes9903€35,199
Income taxes67/77€7,041
Profit (loss) for the period9904€28,159
Profit (loss) for the period to be appropriated9905€28,159
Appropriation of the result
Profit (loss) to be appropriated9906€28,159

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€371
Other operating charges640/8€1,271
Gross operating margin9900€36,877
Operating profit (loss)9901€35,235
Financial charges65/66B€36
Recurring financial charges65€36
Profit (loss) for the period before taxes9903€35,199
Income taxes67/77€7,041
Profit (loss) for the period9904€28,159
Profit (loss) for the period to be appropriated9905€28,159
Line2024
Assets
Total assets20/58€94,972
Fixed assets21/28€827
Tangible fixed assets22/27€827
Furniture and vehicles24€827
Current assets29/58€94,145
Amounts receivable within one year40/41€92,540
Trade receivables40€82,972
Other amounts receivable41€9,568
Cash at bank and in hand54/58€1,604
Equity and liabilities
Total equity and liabilities10/49€94,972
Equity10/15€31,159
Contributions10/11€3,000
Capital10€3,000
Issued capital100€3,000
Profit (loss) carried forward14€28,159
Amounts payable17/49€63,813
Amounts payable within one year42/48€63,813
Trade debts44€25,873
Suppliers440/4€25,873
Advances received on contracts in progress46€23,050
Taxes, remuneration and social security45€14,890
Taxes450/3€14,890
Line2024
Profit (loss) for the period9904€28,159
+ Depreciation and write-downs630€371
Operating cash flow (approximation)€28,530

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2024 micro format 02-10-2025 2025-00526453

Similar companies · same sector, comparable size

Of the 3,965 active companies whose main activity is plastering work (NACE 43310), figures are known for 1,744. 1,455 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 4 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

DE WOLF CONSTRUCT was incorporated on 21 September 2023 as a private limited company.1 The company has filed annual accounts once, for financial year 2024.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2024

Acts, filings and financial milestones

2025
02-10
NBB filing Annual accounts filed
financial year 2024 · micro format · 63 days late
NBB filing
0 of 4 deeds read
About the unread acts

We know of 4 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded21-09-2023
Financial year end31-12
Activities, NACEBEL 2025
43310Plastering work
43211General electrical installation work
43221Plumbing work
43910Bricklaying and masonry work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1000130871
Also 9925:BE1000130871
Registered 15-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 14 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1000.130.871

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Erpe-Mere · 1 establishment unit since 2023
registered office establishment The establishment unit on the map
Ground area
1,009 m²
Building footprint
438 m²
Building volume
586 m³
2 parcels, Flanders · tallest building 9.0 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
DE WOLF CONSTRUCT
Koolstraat 42A, 9300 AalstPlastering work
since 2023unit no. 2.349.854.494
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
41302C0572/00E002 Flanders 688 m² 1 · 356 m² -
41009A0185/00A002 Flanders 321 m² 1 · 81 m² 9.0 m · 3
How the parcels are linked
Good to know
Both parcels match the address exactly.